Updated Quadplex Near Beach
For Sale
$745,000
133 Gwyn Drive, Panama City Beach, FL 32408
Residential, Panama City Beach, FL
Property Size3,732 SF
Lot Size0.21 Acres
Price / SF$199.62
Days on Market94
Property Features for 133 Gwyn Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Commercial, Resid Multi-Family
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Interior features
MainLevelPrimary, UpperLevelPrimary
Appliances
ElectricCooktop
Subdivision
No Named Subdivision
Elementary school
Patronis
Middle school
Surfside
High school
Arnold
Directions
get onto C R 392/ Navy Blvd / Thomas drive, Turn left onto Gwyn Dr, in 0.2 miles 133 Gwen drive is to your left.
Standard status
Active
APN
30165-260-010
Size
3,732 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4 4S 15W -15.10A- 69B COM 1033.69' N OF NE COR OF GREENTREE UNIT ONE TH W 188.94 FOR POB TH CONT W 80' S 119.11 E 80' N 119.15' TO POB AKA LOT 3 SUBJ TO ESMT ORB 4462 P 989
Legal Description
4 4S 15W -15.10A- 69B COM 1033.69' N OF NE COR OF GREENTREE UNIT ONE TH W 188.94 FOR POB TH CONT W 80' S 119.11 E 80' N 119.15' TO POB AKA LOT 3 SUBJ TO ESMT ORB 4462 P 989
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
2
Building materials
VinylSiding
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Tareva Ligas · License #SL3519034
(956) 274-1388
Added: Jul 7
Changed: Sep 14
Last Checked: Oct 8 at 7:06AM
MLS# 792289
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,732-square-foot quadplex was built in 1998 and sits on a 0.21-acre lot. The property includes primary living areas on both the main and upper levels, vinyl siding, central heating and air conditioning, an electric cooktop, and public sewer service. The roof was replaced in 2019, and 4-Point Inspection reports are available for each unit covering HVAC and plumbing.
Located at 133 Gwyn Drive in Panama City Beach, the property is approximately 7 minutes from Beach Access 2. Restaurants, shopping, and grocery stores are situated in the surrounding area. Commercial Mixed Use zoning and an X flood zone designation support the property’s stated applicability for short-term rental use.
Located at 133 Gwyn Drive in Panama City Beach, the property is approximately 7 minutes from Beach Access 2. Restaurants, shopping, and grocery stores are situated in the surrounding area. Commercial Mixed Use zoning and an X flood zone designation support the property’s stated applicability for short-term rental use.
Key Highlights
- Quadplex with 3,732 square feet across four residential units
- 0.21‑acre lot at 133 Gwyn Drive, Panama City Beach, FL 32408
- Commercial Mixed Use zoning and X flood zone designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,710
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,200
$794.2K
Cap Rate 7%
$567,286
$567.3K
Cap Rate 9%
$441,222
$441.2K
Market Conditions
NOI Build-Up for 3,732 SF
Gross rent
$60.5K $16.20/SF
− Vacancy
−$3.7K −$1.00/SF
EGI
$56.7K $15.20/SF
− OpEx
−$17.0K −$4.56/SF
NOI
$39.7K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,200
Cap Rate 7%
$567,286
Cap Rate 9%
$441,222
Alternative Uses
Best Use
Multifamily LT 5
$567.3K
$496.4K – $661.8K
NOI $39,710 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$519.8K
$454.9K – $606.5K
NOI $36,388 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.09M
$951.5K – $1.27M
NOI $76,116 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with mixed-use zoning, central HVAC, public sewer, and proximity to beach access, dining, shopping, and groceries.
Where is this quadplex located?
The property is located at 133 Gwyn Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Quadplex with 3,732 square feet across four residential units; 0.21‑acre lot at 133 Gwyn Drive, Panama City Beach, FL 32408; Commercial Mixed Use zoning and X flood zone designation
